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Sunday, August 11, 2019

Accordia Golf Tr

Chart wise, looks bearish!
The current price of 52.5 cents is staying below its SMA lines which may provide further indication that the price may continue to be under selling down pressure.


51.5 cents has been tested for several occasion and may likely breakdown and continue to go lower.

Short term wise, I think it may go down to retest 51.5 cents.
Breaking down of 51.5 cents with high volume that may likely see the price go down to revisit 48 cents again!

Not a call to buy or sell.

Pls dyodd.



Saturday, August 10, 2019

SingTel

TA wise, looks bearish!
The current price of $3.26 is staying below it's SMA lines, looks rather weak and it may likely continue to trend lower!


Short term wise, I think it may go down to retest $3.20 level.

Breaking down this level + high volume that may likely see the price slide further down towards 3.09 then 3.00 level.


The management has made announcement in FY2017 that they would continue to payout 17.5 cents of dividend for 2 financial years.

17.5 cents dividend will revert back to 60-75% payout base on Underlying net profit in Y2020.

1 Qtr 2019 net profit of $541.1m. Let's say whole year Total net profit of $2.165m. 0.6 x $2.165m/ 16.329m shares = 8 cents dividend. If 0.75 x $2.165m / 16.329m = 10 cents dividend. Looks like dividend will likely be cut .

Not a call to buy or sell.

Pls dyodd.


Capitaland

Chart wise, looks bearish!
The current price of $3.45 is staying below it's SMA lines + the lastest set of financial results is not so Rosy! Net profit drop 19.3%.


Likely to continue to trend lower!

Short term wise, I think it may likely go down to retest $3.40 . Breaking down of $3.40 plus high volume that may likely go down to retest $3.20 and then $3.03 level.

Not a call to buy or sell.

Pls dyodd.


Venture

VENTURE Corp's net profit fell 7.3 per cent to S$90.8 million in the second quarter, as customers required less research and development (R&D) work compared to the same period a year ago.


Interim dividend of 20 cents was being declared.

Chart wise, looks rather bearish!
The current price of $14.76 is staying below its SMA lines which is an indication that it is rather weak and may likely continue to trend lower.

Short term wise, I think it may likely go down to retest $14.28 then $14.00 .
Breaking down of $14.00 it may likely go down to test $13.20 level.

Not a call to buy or sell.

Pls dyodd.


Wednesday, August 7, 2019

Vicom

The Group’s operating profit of $8.0 million for 2Q19 was $0.6 million or 8.7% higher than 2Q18.

The Group’s profit before tax of $8.2 million for 2Q19 was $0.4 million or 5.6% higher than 2Q18.

Taxation for the Group of $1.5 million for 2Q19 was $0.1 million or 8.3% higher than 2Q18 due to higher profit in 2Q19.

The Group’s Profit attributable to Shareholders of the Company of $6.6 million for 2Q19 was $0.3 million or 4.9% higher than 2Q18. 

The interim dividend has risen from 13.46 cents to 14.11 cents.
Looks like we may see a slight increase of the yearly dividend .


Looking at the past dividend being declared, we can noticed dividend has been rising up steadily for the past few years, looks positive.


The vehicle inspection business is expected to remain strong as more cars that were registered after April 2014 pass the three-year mark and are now subject to a new emission test requirement by the National Environment Agency. The non-vehicle testing business will remain challenging, with the expected slowdown in the Singapore economy.

It would be interesting to see how market will react to this set of good financial numbers.

Not a call to buy or sell.

Pls dyodd.



Tuesday, August 6, 2019

Starhub

The 2nd quarter result is out!
Net profit is down 37.2% to $39.4m. Half year Net profit is down 30.2% to $88.7m.

Dividend of 2.25 cents has been declared.

Looking at the cash flow statement for 2nd quarter, doens't look so rosy!


FCF is $54.1m but the dividend payout is $108.2m .
If included the Perp securities of $3.9m + Interest paid of $12.5m. The cash flow is running low and insufficient to cover the dividend payout of 2.25 cents.

Cash on hand is $98.2m.

I think is good to be cautious and aware of the company financial status!

Not a call to buy or sell.

Pls dyodd.



4th Aug 2019
Chart wise, looks rather bearish!
It reminds me of another counter that is SPH!

It was trading at $4.75 in 2013, yet today the closing price as of 2nd Aug 2019 was $1.49. What a vast different!


The current price is staying below it's SMA lines, looks like price may continue to go lower.

Short term wise, I think it may retest the recent low of $1.46. If this is broken down then it may go lower to test $1.40 then $1.30 level.

Not a call to buy or sell.

Pls dyodd.